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Experts have been warning for months that student loan borrowers missing payments could trigger a “default cliff.” According to recent reports, a cliff is now approaching.With the reinstatement of federal student loan delinquency reporting on consumer credit earlier this year, serious delinquency rates have skyrocketed and are now near all-time highs, according to credit score developer FICO’s September Credit Insights report. A separate analysis by the Congressional Research Service last month based on Education Department data found that about 5.3 million borrowers are in default and another 4.3 million are in “late delinquency,” or 181 to 270 days late on…
Medal, a platform for uploading and sharing video game clips, has established a new frontier AI research lab. It leverages rich game videos to train and build foundational models and AI agents that can understand how objects and entities move through space and time, a concept known as spatiotemporal reasoning. The startup, called General Intuition, is betting that Medal’s dataset, which consists of 2 billion annual videos from 10 million monthly active users across tens of thousands of games, will outperform alternatives like Twitch and YouTube in training agents. “When you play a video game, you’re essentially transferring your perception…
Important pointsApple is set to announce a $140 million annual media rights deal for F1 and U.S. broadcast rights, people said. Apple’s Eddie Cue said the company wants to buy more sports rights and is changing the way it broadcasts. “We’re not going to compromise.” “We don’t have to do sports the way they are. There are a lot of people who do, so the world doesn’t need us to do it that way.”A version of this article first appeared in the CNBC Sports Newsletter with Alex Sherman. This newsletter brings you the biggest news and exclusive interviews from the…
Nairobi, Kenya AP — Raila Odinga, Kenya’s former prime minister and longtime presidential candidate who swayed authorities with a populist campaign and had a huge influence on the East African country’s politics, died Wednesday of a heart attack while on a trip to India. He was 80 years old. His death was confirmed by Devamatha Hospital in the Indian state of Kerala, where he was brought to the hospital after collapsing during a morning walk. A hospital statement said Odinga went into cardiac arrest and did not respond to resuscitation efforts. Mr. Odinga recently signed a political agreement with Kenyan…
Austin Willingham, 30, grew up in Decatur, Alabama, and knew from an early age that he wanted to leave home as soon as he turned 18.In 2013, Willingham attended Troy University, three hours away, and spent each summer working odd jobs as a camp counselor, orientation leader and in the school’s study abroad department.”It felt like I was at a superhero university with people from all over the world in the same place doing the same thing. I was able to meet some lifelong friends that I still keep in touch with today,” Willingham told CNBC Make It.”We shared meals,…
TechCrunch Disrupt 2025 was held at Moscone West in San Francisco from October 27th to 29th, and the exhibition space was nearly full. With less than two days left to secure a table, now is the time to intervene before your competitors steal your spot. Introduce your brand to 10,000 founders, investors, media, and technology leaders looking for their next breakthrough. Build a year’s worth of connections in just 3 days. Generate hot leads. Attract investor attention. If your work is making waves, your vision is exciting, or your team is ready to grow, it’s your moment to shine at…
‘Survivor”s Jeff Probst on why Season 49 was ‘the antithesis of loyalty’Jeff Probst tallied the votes for a possible golden season of Survivor. And while spinoffs of The Golden Bachelor and The Bachelorette have been hits, the longtime host of the wilderness survival competition series admits he’s “heard the idea from time to time,” but he’s not sure the math will work out for his series. “Here’s the truth as I see it,” Jeff said on the Oct. 15 episode of the podcast “On Fire with Jeff Probst.” “Based on the number of applicants, let’s say 50 people, we apply…
Senate Majority Leader John Thune, Republican from South Dakota, and House Speaker Mike Johnson, Republican from Louisiana, walk out during a press conference at the U.S. Capitol on Friday, October 10, 2025, in Washington, DC. Valerie Preche | Bloomberg | Getty ImagesThe government shutdown extended into its third week on Wednesday as Republican and Democratic senators continued to spar over emergency funding proposals.The Senate rejected the Republican-led short-term funding resolution for the ninth time Wednesday.The Senate voted 51-44 not to re-approve a stopgap bill that Republicans advocated for a “clean” continuing resolution that would provide funding to reopen the government…
On April 15, 2025, the TSMC logo is displayed on a building in Hsinchu, Taiwan. Anne Wang | ReutersTaiwan Semiconductor Manufacturing Co., Ltd. announced Thursday that its third-quarter profit rose 39.1% year-on-year, beating expectations and setting a new record as demand for artificial intelligence chips remained strong.Here are the company’s results compared to LSEG SmartEstimates:Revenue: NT$989.92 billion ($33.10 billion), vs. expected NT$977.46 billion Net profit: NT$452.3 billion, vs. NT$417.69 billion TSMC’s September quarter sales increased 30.3% year-on-year to NT$989.92 billion, also exceeding expectations. Net profit increased 13.7% quarter-on-quarter, hitting a record high at the time.TSMC, Asia’s largest technology company by…
Sign up for CNN Travel’s weekly newsletter, Unlocking the World. Get destination news, plus the latest information on aviation, food and drink, and accommodation. Trabzon, Türkiye — If its ancient walls could talk, Sumera Monastery in eastern Türkiye would have quite a few stories to tell. Founded by the earliest Christians to arrive on the Black Sea coast in the 4th century AD, the shrine has seen the rise of the Roman Empire into the Byzantine era, the rise of the Ottoman Empire, Turkey’s struggle for independence after World War I, decades of vandalism and neglect, and its miraculous modern-day…